Duxon's Archive
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Saturday / October 24, 2020
If you look closely you can kind of see how fractals play an important role in making Numerical Price Predication (NPP) work, not to mention waves, cycles and envelopes.
Another possible milestone (yes, I know, there have been several in the last two months) here is the "hard copy" of the above-described Polar Position Strategy visualization...
If you look closely you can kind of see how fractals play an important role in making Numerical Price Predication (NPP) work, not to mention waves, cycles and envelopes.
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According to Scott Barkley of ProAct Traders, finding the trend will help you become aware of the overall market direction. Scott says that the "Big Boys" have no problem finding the trend because they use the 240 minute and higher charts, and these larger charts are ideally suited for identifying the longer-term trend.
Barkley goes on to point out that the problem for retail traders is that we can’t trade these charts because we don’t have all the money in the world. Nonetheless, given that the elephant is using these charts to determine his direction, Scott says we MUST find and use the same trend that the elephant is using.
(I disagree with this however, at least for me personally.)
Barkley then states that to find the same trend that the elephant is using (Scott believes that regardless of what charts you are using, you need to always determine the trend of the Big Boys) you have to change your chart to a 240-minute chart (sometimes a day) and plot the trend. He then gives this tip:
YOU HAVE TO THINK LIKE THE ELEPHANT WHEN YOU ARE DETERMINING THIS TREND.
But, from my perspective, it’s not necessarily about what the big multinational banks are doing per se. Rather, it’s all about the mathematics! Like Barkley said, as a retail trader I can’t trade the same charts as the institutional players because I don’t have all the money in the world. So, no matter what chart I’m using, I want to be tracking the twenty-minute and forty-minute trends—because that’s what the NUMBERS have revealed as the trends with the greatest practical significance for day traders—except that a 240-minute chart is incapable of monitoring these two measurements.
To find the next measure with the greatest amount of practical significance for an intraday trader, I have to jump all the way up to the six-hour trend. So then, it doesn’t matter if I’m using a one-minute chart or a daily chart, these are the three measurements I’m going to monitor—except that the higher you go timewise, the fewer of them will be discernible/detectable by the associated chart.
On the other hand, let these three trends dictate the direction of your trades, regardless of the timeframe you are using, and you will automatically be riding the coattails of the Big Boys. You won't have to try to think like them because you will already be caught up in the vortex of their turbulence/wake.
Barkley goes on to point out that the problem for retail traders is that we can’t trade these charts because we don’t have all the money in the world. Nonetheless, given that the elephant is using these charts to determine his direction, Scott says we MUST find and use the same trend that the elephant is using.
(I disagree with this however, at least for me personally.)
Barkley then states that to find the same trend that the elephant is using (Scott believes that regardless of what charts you are using, you need to always determine the trend of the Big Boys) you have to change your chart to a 240-minute chart (sometimes a day) and plot the trend. He then gives this tip:
YOU HAVE TO THINK LIKE THE ELEPHANT WHEN YOU ARE DETERMINING THIS TREND.
But, from my perspective, it’s not necessarily about what the big multinational banks are doing per se. Rather, it’s all about the mathematics! Like Barkley said, as a retail trader I can’t trade the same charts as the institutional players because I don’t have all the money in the world. So, no matter what chart I’m using, I want to be tracking the twenty-minute and forty-minute trends—because that’s what the NUMBERS have revealed as the trends with the greatest practical significance for day traders—except that a 240-minute chart is incapable of monitoring these two measurements.
To find the next measure with the greatest amount of practical significance for an intraday trader, I have to jump all the way up to the six-hour trend. So then, it doesn’t matter if I’m using a one-minute chart or a daily chart, these are the three measurements I’m going to monitor—except that the higher you go timewise, the fewer of them will be discernible/detectable by the associated chart.
On the other hand, let these three trends dictate the direction of your trades, regardless of the timeframe you are using, and you will automatically be riding the coattails of the Big Boys. You won't have to try to think like them because you will already be caught up in the vortex of their turbulence/wake.
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Sunday / October 25, 2020 / 8:00 AM PST
Nonetheless, I suspect this near duplication might support the possibility that the 75-minute trend could indeed hold a great deal of significance. The substitution replaces the typical and extreme 30-minute price ranges with the more stable 75-minute ranges.
However, I would suppose its more important role will be to confirm whether reversals signaled by the 40-minute baseline are valid. For though the six-hour price range helps define where the polar opposite attics and basements might be found, there is a broad region in which this can occur, which leads me to how the 75-minute baseline is likely to earn its keep.
For though it is too lagging to use to identify reversals, it can still confirm reversals marked by the 40-minute baseline, or invalidated them if the 40-minute baseline crosses back over it; thus reinforcing my peace of mind after having purchased binary option contracts apt to be in-the-money at expiry, or prompting me to abandon those that might turn against me at the earliest possible opportunity to minimize my losses.
UPDATE: I have also now plotted three levels to the 75-minute price range, and when candlesticks cross over a less-extreme level after having bounced off a more-extreme level following a sudden/dramatic spike or plunge in value, it is more likely that this potential shorter-term trend reversal is valid and not merely temporary/momentary.
An analysis of the above modification(s) indicates that the new envelope(s) are based on the 75-minute trend, very close to another auxiliary measure I added to my notes not too long ago—the 70-minute trend—though I no longer recall what prompted me to include this preceding measure among my annotations at the time.
Nonetheless, I suspect this near duplication might support the possibility that the 75-minute trend could indeed hold a great deal of significance. The substitution replaces the typical and extreme 30-minute price ranges with the more stable 75-minute ranges.
However, I would suppose its more important role will be to confirm whether reversals signaled by the 40-minute baseline are valid. For though the six-hour price range helps define where the polar opposite attics and basements might be found, there is a broad region in which this can occur, which leads me to how the 75-minute baseline is likely to earn its keep.
For though it is too lagging to use to identify reversals, it can still confirm reversals marked by the 40-minute baseline, or invalidated them if the 40-minute baseline crosses back over it; thus reinforcing my peace of mind after having purchased binary option contracts apt to be in-the-money at expiry, or prompting me to abandon those that might turn against me at the earliest possible opportunity to minimize my losses.
UPDATE: I have also now plotted three levels to the 75-minute price range, and when candlesticks cross over a less-extreme level after having bounced off a more-extreme level following a sudden/dramatic spike or plunge in value, it is more likely that this potential shorter-term trend reversal is valid and not merely temporary/momentary.
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Don't know what you're trading or your timeframe, but the smoother look of the 2nd chart's red, white and blue bands look easier to trade than the ones on the 1st chart.
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